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Jamesway Corporation, more commonly known as Jamesway, was a chain of discount department stores based in Secaucus, New Jersey.It was founded in 1961 with a single store in Jamestown, New York, ultimately growing into a chain that, at its peak, operated 138 stores throughout the Northeast and mid-Atlantic regions.
Certain scholars and politicians have advocated for a reform of the law to allow states to seek bankruptcy. [6] [3] [4] They argue that the law will require voluntary consent by the state and will not give the federal government or creditors the power to force a bankruptcy; therefore it would not interfere with state sovereignty or be unconstitutional.
Pros and cons of declaring bankruptcy. Bankruptcy can be a valuable tool for regaining financial control, but it comes with significant drawbacks that must be carefully considered.
The New Jersey-based company has secured $150 million in financing to continue business as usual at its 761 Party City stores and 149 temporary Halloween City locations. ... from declaring ...
Bankruptcy will whack your credit, but Chapter 7 may allow you to start rebuilding relatively quickly, while Chapter 13 will have longer-term effects. You could have a decent credit score (above ...
An individual who is badly in debt can typically file for bankruptcy either under Chapter 7 (liquidation, or straight bankruptcy) or Chapter 13 (reorganization).In some cases, options may also include Chapter 12 (family farmer reorganization) and Chapter 11 (reorganization of a company, or an individual debtor whose debts exceed the limits for a Chapter 13 filing). [2]
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